Hounslow Arts Trust, the charity that operates the site, says it has been a “difficult decision” to make.
It says the impact of energy prices and the cost-of-living crisis makes the Waterman’s current venue unviable.
It is due to move into Brentford’s old police station building.
Hounslow Arts Trust Ltd. will continue to exist but with a focus on delivering a programme outside Watermans during the transition period and continue to work to enable this programme to continue.
Director of Watermans, Jan Lennox adds:
“Watermans has been home to the very best cinema, theatre, music, dance and performance for nearly forty years and it is heart-breaking that the venue is closing before the new building is ready. However, we are working hard to continue to deliver our exciting programmes outside of the current building and to continue to plan for when the new building is ready. A new building that will be more sustainable operationally and able to present an even stronger mix of high-quality dance, theatre, music, film and exhibitions.”
A Hounslow Council spokesperson said:
“As a council we’re committed to supporting a rich cultural offer for the borough, recognising the many benefits arts and culture provide for our diverse communities. Watermans plays an important role in delivering our ambitions for culture and we’re pleased it will remain able to offer the community-based programmes residents really value. The cost-of-living crisis is putting enormous pressure on cultural venues across the country, and we support Hounslow Arts Trust taking the steps necessary to become sustainable.”